Mexico, the rise of digital increases the usage of payment by cards.

Before 2010, digital revolution and e-commerce have been slowed in Mexico due to a strong reluctance for online payments, supported by a low rate of inhabitants possessing a banking account and so on, a bank card.

Banxico (Central Bank of Mexico) has reported that, in 2012, only 27% of individuals over the age of 15 have a bank account, it’s more than 46% for 2016. Therefore, cash are the primary payment method in the economy. However, each year credit cards and debit cards take a new part on cash.

In Mexico, the number of debit cards (103 million) is much larger than credit cards (27 million) due to the opening of debit account for payrolls. Nevertheless, some debit cards are not allowed to process online transactions or foreign currencies.

In 2017, 63.9% of the Mexican population had access to the Internet. This ratio is still increasing since the beginning of this century. Development of the Internet and the arrival of Amazon in Mexico during the year 2013, have led to an increasing e-commerce in recent years. With an annual growth rate higher to 35% expected from 2014 until 2018, Mexico is experiencing the fastest e-Commerce acceleration in Latin America and one of the highest in the world.